The Australia concrete pump market is set to reach a valuation of USD 208.4 million in 2023, and is likely to surpass a CAGR of 6.0% between 2023 and 2033. In 2033, the global market is predicted to generate revenues upwards of USD 372.3 million.
An increase in the construction of high-rise buildings, complex designs, megastructures, and complicated structural plans have been witnessed in recent times. This is due to advancements in construction technology that provide for cost-effective methods and efficient management of resources.
Rising strain regarding the delivery timelines of construction projects result in the demand for high-capacity concrete and increased output from concrete pumps. This is anticipated to offer lucrative opportunities for the expansion of the concrete market in Australia.
| Attributes | Key Insights |
|---|---|
| Australia Concrete Pump Market Estimated Size (2023E) | USD 208.4 million |
| Australia Concrete Pump Projected Market Valuation (2033F) | USD 372.3 million |
| Value-based CAGR (2023 to 2033) | 6.0% |
As quality of concrete produced has improved, it has helped in the reduction of associated waste. This has allowed ready-mixed concrete to become increasingly prevalent. Quality of the concrete utilized directly influences the strength and longevity of any construction. Ready-mix concrete is crucial in this situation.
Fresh ready-mix concrete must be transported to the desired position on a building site by using a concrete pump. The demand for mobile concrete pumps is surging and they are expected to hold a significant share of the global concrete pump industry. The use of mobile pumps is necessary for the use of concrete in inaccessible regions.
Manufacturers have concentrated their efforts on growing their presence within different regions in Australia. They are making smart investments in product research and development to go beyond what users expect from affordable and energy-efficient concrete pumps.
Increasing demand from construction, water & wastewater industry, and oil & gas industry is expected to surge the demand for concrete pumps in the Australian domestic market.
The Australia concrete pumps market is being supported by a variety of infrastructure projects. The government is investing in initiatives that will be profitable, and the real estate and housing markets are starting to flourish. This will have a profound effect on the market in Australia, which is expected to gain significant growth due to above reasons
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The Australia concrete pump industry witnessed a plunge of nearly 3.0% in 2020 due to the covid-19 pandemic. Although the market witnessed massive disruption in supply chains during the time, it recovered sharply afterwards owing to resumed splurge in the real estate and construction sectors.
Industrial activity in construction is expected to continue on the growth trajectory post-crash. The market is expected to grow and stabilize to pre-crisis levels over the following years.
The concrete pumps demand pattern is anticipated to reflect the same trend during the period. Future Market Insights (FMI) anticipates the global market to rebound between the next 5 and 8 quarters.
Increased healthcare spending and infrastructure investments would primarily support the growth in demand for concrete pumps. It will help in stimulating economic growth and creating more construction projects.
Increasing healthcare spending will lead to investments in healthcare infrastructure such as hospital and medical facilities, as they have fast and high-quality construction requirements. Innovations in concrete pump technology would help meet this demand. Core industries of key regions are expected to turn export-oriented, thus boosting trade volumes.
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As projects get large, tall, and more intricate, the need for a more powerful and efficient concrete pumps to move the concrete to the high levels grows. Key manufacturers are developing new technologies and innovations to stay ahead of the curve.
Stringent Waste-management Regulations Pushing Demand for Mobile Concrete Pumps
In the modern era, cities are growing quickly, and construction has to move at a more rapid pace. The construction industry relies heavily on modern construction equipment to build structures quickly and keep up with demand. This will lead to a growing demand for advanced concrete pumps.
Concrete pumps guarantee high levels of precision and quality while pouring concrete. There is little to no material waste when pumping concrete correctly. They now have both economic and environmental advantages in construction to pour concrete into a foundation slab or the top of a tall edifice. Mobile concrete pumps transport concrete mixes to difficult locations without leaving spills or lumps behind.
Professional construction companies are looking to ensure waste management and site cleaning services as an integral part of concrete pumping. These benefits are supporting the increasing demand for concrete pumps.
Rising Long-term Repair Expenses Pushing Companies to Adopt On-site Concrete Pumps
In comparison with various concrete pouring methods, concrete pumps use less water. This prevents the setup from cracking or the concrete from shrinking. It aids in maintaining the natural strength of concrete. Long-term repair and maintenance expenses are lower for strong concrete constructions. The need for concrete pumps at building sites is anticipated to increase as a result.
Over the past 20 years, concrete pumps have undergone several changes. Fast-paced industries such as construction rely on efficiency and innovation to keep moving forward. Almost all projects strive to build a strong foundation with the least amount of effort, materials, and cost.
Modern, task-optimized equipment is required to pull off this feat. Equipment producers can provide low-cost machines with increased fuel economy and less greenhouse gas emissions through thorough development and research efforts.
For instance, Schwing GmbH, a concrete pump company located in Germany, provides concrete pumps featuring an open loop hydraulic system. Low heat generation and effective energy transmission will lead to great fuel economy. It uses at least 12% less gasoline than comparable pumps from other companies.
Favorable Regulatory Environment to Help Propel Sales in the Australia Concrete Pump Market
Australia construction sector is set to hold a valuation of USD 112 billion annually. It would possess around 9% of gross domestic product (GDP). The federal budget for 2022 to 2023 has dedicated a total of USD 17.9 billion over ten years. Key infrastructure projects are rising, including billions of dollars’ worth of road and rail construction.
Construction potential is on the rise because of rising private sector investments and assistance from governmental agencies. It involves creating roads, trains, bridges, urban infrastructure, homes, factories, and other commercial and industrial structures, among other things.
Expansion of all the above-mentioned factors will lead to increasing demand for concrete pumps. It helps in bolstering growth in the concrete pump market.
Construction sector is benefiting from factors such as the steady supply of appropriate equipment, low labor costs, and health benefits. All these factors combined are fueling rapid expansion. The market is expanding because of the favourable regulatory developments in the construction sector.
Hazardous Environments and Lack of Technical Know-how Could Pose a Challenge to Market Expansion
There are numerous risks associated with the setting up of concrete pumping equipment. It includes mobile concrete pumping booms tipping over. Another associated risk is that of workers being crushed or run over by the mobile concrete pump itself.
Ground conditions can vary dramatically from one workplace to another, and even within a site itself. Failure to address poor ground conditions might cause the pump to overturn. It will result in serious injury to the concrete pump operator and other people nearby.
Construction sites usually have uneven surfaces, which makes it a challenging task to set up a concrete pump as per regulations to avoid hazardous incidents. These factors negatively affect the demand for concrete pumps.
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Mobile Concrete Pumps to Cross USD 123.0 Million by 2033-end
By type, mobile concrete pump segment is estimated to hold about 76.8% share in 2023. It would create an absolute dollar opportunity of USD 123.0 million during the forecasted period of 2023 to 2033.
As concrete pump allows for precise and controlled pouring processes, it helps in achieving high quality of finished product. Mobile concrete pumps also help in reducing the amount of manual labor required for concrete pouring.
Residential End-use Segment to Bode Well for Demand in Australia Market
Residential end-use segment is projected to expand at a CAGR of 5.8% owing to its increasing applications. It is likely to hold about 49.6% shares of the total market. Commercial end-use segment is estimated to create an absolute dollar opportunity of USD 43.06 million during the forecast period.
| Region | Western Australia |
|---|---|
| Market Share (2023) | 13.8% |
| Market Share (2033) | 13.8% |
| BPS Analysis | +70 |
| Region | Tasmania |
|---|---|
| Market Share (2023) | 4.9% |
| Market Share (2033) | 05.0% |
| BPS Analysis | +30 |
| Region | South Australia |
|---|---|
| Market Share (2023) | 14.3% |
| Market Share (2033) | 16.4% |
| BPS Analysis | +50 |
| Region | Queensland |
|---|---|
| Market Share (2023) | 24.8% |
| Market Share (2033) | 23.0% |
| BPS Analysis | -120 |
| Region | New South Wales |
|---|---|
| Market Share (2023) | 20.5% |
| Market Share (2033) | 19.7% |
| BPS Analysis | 00 |
| Region | Rest of Australia |
|---|---|
| Market Share (2023) | 21.7% |
| Market Share (2033) | 22.0% |
| BPS Analysis | -40 |
Queensland to Retain a Mammoth Share in Australia Concrete Pump Industry
Queensland region holds prominent market share in the Australia concrete pump market. It is contributing to about 24.8% value share in 2023. New South Wales holds 20.5% market share and is projected to propel at 6.0% CAGR during the projected period.
Companies are turning to digital solutions to help them meet sustainability targets in the concrete sector. The construction industry has been sluggish to embrace these procedures, although there has been a marked increase in the use of digital technology. These new implementations will boost the concrete pump demand in Australia, especially in the Queensland region.
The Australia concrete pumps market is fairly consolidated owing to the presence of prominent players across the regions in Australia. Unorganized players are estimated to hold around 25% to 30% shares in the global industry.
Prominent players are focusing towards development of new product launch and collaboration with dealers to meet the changing requirement. The manufacturers in the Australia concrete pump industry are forming strategic alliances with contractors working on infrastructure projects.
Manufacturers are focusing on investing in cutting-edge technology to build robust and energy-efficient concrete pump. It will help in fulfilling changing end user preferences. Various large companies are expanding their market position by increasing their manufacturing capacity and market reach across Australia.
Recent developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.0% from 2023 to 2033 |
| Base Year for Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million, Volume in Units and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Type, End Use |
| Regions Covered | Western Australia; Tasmania; South Australia; Queensland; New South Wales; Rest of Australia |
| Key Companies Profiled | Sany Group; Zoomlion Heavy Machinery Co, Ltd.; Liebherr-Australia Pty. Ltd; SCHWING GmbH; Concord Concrete Pumps; PUTZMEISTER; Transcrete; Ajax Fiori Engineering; Samil Heavy Industries Co.; Callaghan Concrete Pumps Pty Limited; W WIN Engineering Pty Ltd; Flowcrete Group Pty Ltd |
The concrete pump market recorded a growth of 3% in 2020 in Australia.
Australia concrete pump market is expected to reach USD 372.3 million by 2033.
Truck-mounted concrete pump segment has a dominant position in the market.
Adoption of energy-efficient and ecologically friendly pumps and incorporation of IoT.
Increased need for infrastructure projects and use of cutting-edge pumping technology.
1. Executive Summary 2. Market Overview 3. Key Market Trends 4. Key Success Factors 5. Australia Concrete Pump Market Demand Analysis 2018 to 2022 and Forecast, 2023 to 2033 6. Australia Concrete Pump Market - Pricing Analysis 7. Australia Concrete Pump Market Demand (in Value or Size in USD million) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Market Background 9. Australia Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Type 9.1. Static Concrete Pump 9.2. Mobile Concrete Pump 9.3. Specialized Concrete Pump 10. Australia Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by End-Use Industry 10.1. Residential 10.2. Commercial 10.3. Industrial 11. Australia Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region 11.1. Western Australia 11.2. Tasmania 11.3. South Australia 11.4. Queensland 11.5. New South Wales 11.6. Rest of Australia 12. Western Australia Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033 13. Tasmania Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033 14. South Australia Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Queensland Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. New South Wales Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. Rest of Australia Concrete Pump Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. Market Structure Analysis 19. Competition Analysis 19.1. Liebherr Australia Pty ltd 19.2. SCHWING GmbH 19.3. PUTZMEISTER 19.4. Sany Group 19.5. Zoomlion Heavy Machinery Co, Ltd. 19.6. Concord Concrete Pumps 19.7. Ajax Fiori Engineering 19.8. Transcrete 19.9. Samil Heavy Industries Co. (SuperCrete Concrete Pump) 19.10. Callaghan Concrete Pumps Pty Limited 19.11. W WIN Engineering Pty Ltd 19.12. Flowcrete Group Pty Ltd 20. Assumptions and Acronyms Used 21. Research Methodology
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Australia Concrete Pump Market
